Question: 1 . What are the U . S . trade balances with Mexico and Canada and how have those balances changed since 2 0 0

1. What are the U.S. trade balances with Mexico and Canada and how have those balances changed since2000?
In2016, the U.S. trade balances are_______. Since2000, the overall U.S. trade balance has_______.
A.
a deficit of $64.3 billion with Mexico and a deficit of $11.0 billion with Canada;
become an even larger percentage of GDP
B.
deficit of $63.1 billion with Mexico and a surplus of $7.7 billion with Canada;
become an even larger percentage of GDP
C.
surplus of $1.2 billion with Mexico and almost a zero balance with Canada;
decreased significantly
D.
a deficit of $63.1 billion with Mexico and a surplus of $7.7 billion with Canada;
become an even smaller percentage of GDP
Part 2
2. What are the concerns of the Trump administration about these balances?
The concern is that these trade balances will_______.
A.
result in U.S. manufacturing jobs moving to Mexico and Canada
B.
continue to lower U.S. tariff revenue
C.
encourage illegal immigration into the United States
D.
increase the U.S. government budget deficit
Part 3
3. What action does the Trump administration propose taking to change these balances?
To change the trade balances with Mexico and Canada, the Trump administration proposes_______.
A.
renegotiating NAFTA and imposing tariffs on imported goods
B.
a ban on trade with Canada and Mexico if they fail to use a flexible exchange rate
C.
renegotiating NAFTA and banning trade with Canada and Mexico if they implement a crawling peg exchange rate
D.
setting quotas on U.S. imports from Canada and Mexico
trade balance has _______.The concern is that these trade balances will _______.To change the trade balances with Mexico and Canada, the Trump administration proposes _______.

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